The United States and Ukraine signed a minerals and investment agreement in Washington.
According to the U.S. Treasury, the agreement grants the U.S. preferential access to Ukrainian mineral projects and establishes a joint fund for Ukraine’s post-war reconstruction.
The deal, signed by Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko, aims to strengthen ties with the Trump administration, providing over $72 billion in military aid since Russia’s 2022 invasion, per the Kiel Institute.
The U.S.-Ukraine mineral deal is an important step in the war with Russia. Here’s why Ukraine’s natural resources have become a valuable negotiating chip. https://t.co/VXcQd88YRB pic.twitter.com/6O1qsBACYp
— The Washington Post (@washingtonpost) May 1, 2025President Donald Trump, a key supporter of the accord, emphasised Ukraine’s rare earth minerals as a strategic benefit for U.S. interests, aligning with his push for tangible returns on aid.
The Treasury stated on X, “The agreement signals the Trump Administration’s commitment to a free, sovereign, prosperous Ukraine.” Ukrainian officials, including Svyrydenko, highlighted the deal’s potential to secure ongoing U.S. support, mentioning possible contributions like air defence systems, though the U.S. did not confirm this.
BREAKING:
Ukraine's Deputy Prime Minister Yulia Svyrydenko presents some of the provisions of the just signed minerals deals with the U.S:
1. Full ownership and control remain with Ukraine
All resources on our territory and in territorial waters belong to Ukraine. It's the… pic.twitter.com/YJd5hKL8Hf
— Visegrád 24 (@visegrad24) May 1, 2025The agreement follows months of negotiations to rebuild strained U.S.-Ukraine relations since Trump’s January 2025 return. It positions Ukraine to leverage its mineral wealth for reconstruction while deepening economic cooperation with its largest military donor.
